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value of its common stock was $50 per share. In recording this transaction, Ng would: Multiple Choice debit retained earnings for $17.50 million. credit paid-in

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value of its common stock was $50 per share. In recording this transaction, Ng would: Multiple Choice debit retained earnings for $17.50 million. credit paid-in capital-excess of par for $17.50 million. credit common stock for $17.50 million. None of these answer choices are correct

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